Germany faces debt tsunami; Economist says Greece should quit Euro; Irish clamour for default
May 9th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany is threatened by a debt tsunami, a leading German economist will say in a lecture on Monday evening. The same economist said in a Sunday newspaper interview that Greece should quit the euro. Meanwhile, Morgan Kelly, a professor of economics at University College Dublin, has won a lot of attention for his latest bleak analysis of Ireland's economic outlook but his drastic prescriptions are without consideration of downsides. There are no volunteers among his colleagues never mind elsewhere, for huge pay cuts.